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Pair's OutlookDuring the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume. The latter continued to fall down for a seventh consecutive day on Friday of the previous week when the trading session was very short.

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Pair's OutlookThe British currency ended last week with another rally, rebounding from intraday low and, thus, erasing all previous week's losses. Today the Sterling remains under the risk of edging lower, as technical studies suggest with their bearish signals.

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Pair's OutlookEUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday. However, the bulls were strong enough in order to avoid a decline under this psychological level. Thursday is expected to be spent in a light trading around the 55-day SMA, currently at 1.0922, even though the market will be fully open throughout the whole day. Trading volumes continued to drop yesterday and reached the lowest level since November 26.

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Pair's OutlookAlthough the GBP/USD currency pair appreciated on Wednesday, the immediate resistance in face of the monthly S1 somewhat managed to prevent the price from returning inside the pattern's borders. Nevertheless, the monthly S1 is providing support today, being the only obstacle holding the Cable from edging lower.

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